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Sah Polymers Limited IPO (Sah Polymers IPO) Detail

December 30, 2022 - January 4, 2023

Sah Polymers IPO is a book built issue of Rs 66.30 crores. The issue is entirely a fresh issue of 1.02 crore shares.

Sah Polymers IPO bidding started from December 30, 2022 and ended on January 4, 2023. The allotment for Sah Polymers IPO was finalized on Monday, January 9, 2023. The shares got listed on BSE, NSE on January 12, 2023.

Sah Polymers IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 230 Shares. The minimum amount of investment required by retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (3,220 shares), amounting to ₹209,300, and for bNII, it is 67 lots (15,410 shares), amounting to ₹1,001,650.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Sah Polymers IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sah Polymers IPO RHP for detailed information.

Sah Polymers IPO Details

IPO Date December 30, 2022 to January 4, 2023
Listing Date January 12, 2023
Face Value ₹10 per share
Price Band ₹61 to ₹65 per share
Lot Size 230 Shares
Total Issue Size10,200,000 shares
(aggregating up to ₹66.30 Cr)
Fresh Issue10,200,000 shares
(aggregating up to ₹66.30 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Sah Polymers IPO Reservation

Sah Polymers IPO offers 10,200,000 shares. 3,060,000 (30.00%) to QIB, 1,530,000 (15.00%) to NII, 1,020,000 (10.00%) to RII 4,590,000 (45.00%) to Anchor investors. 4,434 RIIs will receive minimum 230 shares and 158 (sNII) and 316 (bNII) will receive minimum 3,220 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered4,590,000 (45.00%)NA
QIB Shares Offered3,060,000 (30.00%)NA
NII (HNI) Shares Offered1,530,000 (15.00%)
  bNII > ₹10L1,020,000 (10.00%)316
  sNII < ₹10L510,000 (5.00%)158
Retail Shares Offered1,020,000 (10.00%)4,434
Total Shares Offered10,200,000 (100%)

Sah Polymers IPO Anchor Investors Details

Sah Polymers IPO raises Rs 29.84 crore from anchor investors. Sah Polymers IPO Anchor bid date is December 29, 2022. Sah Polymers IPO Anchor Investors list

Bid Date December 29, 2022
Shares Offered 4,590,000
Anchor Portion Size (In Cr.) 29.84
Anchor lock-in period end date for 50% shares (30 Days) February 8, 2023
Anchor lock-in period end date for remaining shares (90 Days) April 9, 2023

Sah Polymers IPO Timeline (Tentative Schedule)

Sah Polymers IPO opens on December 30, 2022, and closes on January 4, 2023.

IPO Open Date Friday, December 30, 2022
IPO Close Date Wednesday, January 4, 2023
Basis of Allotment Monday, January 9, 2023
Initiation of Refunds Tuesday, January 10, 2023
Credit of Shares to Demat Wednesday, January 11, 2023
Listing Date Thursday, January 12, 2023
Cut-off time for UPI mandate confirmation 5 PM on January 4, 2023

Sah Polymers IPO Lot Size

Investors can bid for a minimum of 230 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 230 ₹14,950
Retail (Max) 13 2990 ₹194,350
S-HNI (Min) 14 3,220 ₹209,300
S-HNI (Max) 66 15,180 ₹986,700
B-HNI (Min) 67 15,410 ₹1,001,650
Lot Size Calculator

Sah Polymers IPO Promoter Holding

Sat Industries Limited is the company promoter.

Share Holding Pre Issue 100%
Share Holding Post Issue 60.46%

About Sah Polymers Limited

Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.

The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.

Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.

As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.

Competitive Strength:

  • Product portfolio
  • Customer base across geographies and industries
  • Management Team

Company Financials

Sah Polymers Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Sah Polymers IPO is Rs 167.67 Cr.

Pre IPO Post IPO
P/E (x) 33.51

Objects of the Issue (Sah Polymers IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding of the following objects:

1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).

2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.

3. Funding the working capital requirements of the Company.

4. General corporate purposes.

Sah Polymers IPO Review (Avoid)

[Dilip Davda]  The company is operating in a highly competitive segment with two of its group company having an interest in a similar business. There are many other points of concern. Even based on its super earnings the issue is highly-priced. Initial listing in the “T” group may curtail speculative movements in the initial period. There is no harm in skipping this pricy bet. Read detail review...

Sah Polymers IPO Subscription Status (Bidding Detail)

The Sah Polymers IPO is subscribed 17.46 times on January 4, 2023 7:00:00 PM. The public issue subscribed 39.78 times in the retail category, 2.40 times in the QIB category, and 32.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
    bNII (bids above ₹10L)33.94
    sNII (bids below ₹10L)30.20

Sah Polymers IPO Prospectus

Sah Polymers IPO Rating

Rating:Rated 3.6 stars
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Sah Polymers IPO Listing Details

Listing Date January 12, 2023
BSE Script Code 543743
NSE Symbol SAH
ISIN INE035801013
Final Issue Price ₹65 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Sah Polymers Limited Contact Details

Sah Polymers Limited
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889

Sah Polymers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Sah Polymers IPO - Buy or Not

Sah Polymers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 1
Members 1 1 4

Read All Reviews Post Your Review Manage Reviews

Sah Polymers IPO FAQs

Sah Polymers IPO is a main-board IPO of 10,200,000 equity shares of the face value of ₹10 aggregating up to ₹66.30 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.

The IPO opens on December 30, 2022, and closes on January 4, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Sah Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Sah Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sah Polymers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sah Polymers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sah Polymers IPO opens on December 30, 2022 and closes on January 4, 2023.

Sah Polymers IPO lot size is 230 Shares, and the minimum amount required is ₹14,950.

You can apply in Sah Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sah Polymers IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 11, 2023. Check the Sah Polymers IPO allotment status.

The Sah Polymers IPO listing date is on January 12, 2023.
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Sah Polymers IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



220. Gaurav DD dimer |   Link |  Bookmark |February 5, 2023 12:21:18 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Result on 11th Feb.
219. Medha |   Link |  Bookmark |February 3, 2023 6:15:13 PM
Expert sirs, I am stuck in all e technology. Sir is it a good company worth holding
218. Gem picker |   Link |  Bookmark |January 17, 2023 2:25:02 PM
Dear Admin,

please open adani fpo page...
217. SMART INDIAN INVESTOR |   Link |  Bookmark |January 17, 2023 1:11:31 PM
Admin if possible

Please open Seperate Page for Adani Enterprise FPO
216. ARJUN'S EYE |   Link |  Bookmark |January 16, 2023 1:09:19 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Adani enterprise FPO 27-31 jan....
216.5. selohic |   Link |  Bookmark |January 16, 2023 8:24:17 PM
Subscribe only if they are diluting approx 7% equity and FPO price is around or less than 2000, otherwise avoid.
216.6. selohic |   Link |  Bookmark |January 16, 2023 8:27:03 PM
@arca, will go down till price band is declared. 20000 is too much to get absorbed by system. Multiple FPI are in for this. Retailers should be cautious before buying now or FPO.
215. sang |   Link |  Bookmark |January 16, 2023 5:55:36 PM
*ADANI SMALL HNI(2 lakh) FIX 3100*
214. Hostpacker |   Link |  Bookmark |January 16, 2023 1:37:13 PM
Will you be create new page for Adani Ent FPO ?
213. Arca |   Link |  Bookmark |January 14, 2023 8:41:21 PM (1000+ Posts, 500+ Likes)
What technical indicators do you guys look for while trading in existing stocks in mainboard.
Like RSI,macd,Bollinger bands, moving average etc.

Just wanted to know the indicators traders use, no need of exact trading strategy.
This is open for all anyone can answer
213.3. Vultureee |   Link |  Bookmark |January 15, 2023 10:47:35 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Price action is using candlestick + patterns. Just candlestick chart, candlestick patterns and volume. Data is reading option chain data of stocks are trading in F&O.
213.4. Gingal |   Link |  Bookmark |January 15, 2023 12:25:22 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Breakout with high volume & price give very good success ratio in candlestick chart.
212. JEN |   Link |  Bookmark |January 14, 2023 8:22:53 AM
Happy Makar Sankranti to all. 🙏
211. Imhilli |   Link |  Bookmark |January 13, 2023 9:19:02 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Any main board IPO in near future?
210. IPOGUY |   Link |  Bookmark |January 13, 2023 1:57:29 PM
Everyday I feel guilty of selling my allotted share of Varanium Cloud ipo. i booked only 10,000 profit. If it had held today profit would have been 14 lakh. huge loss for me. Har waqt bas yahi ghumte raheta dimaag mei. lifechanging ipo mila tha and i ruined it.
210.4. PKRAJ |   Link |  Bookmark |January 14, 2023 12:35:00 PM
You are very lucky person that you are getting allotment in SME. First you should always be thankful to almighty for allotment in SME. Members like me and others have never got any SME allotment for the years. Before time and more than luck, nobody gets any thing. You got allotment and than profit, it is just like "Sone pe suhaga". Don't see the price of what you sold, either in green or in red. In market what you sell will go up and what you keep will go down". No regret. Only Enjoy.
210.5. Imhilli |   Link |  Bookmark |January 16, 2023 7:01:36 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
It happens many times with many people. If you try to catch the top peak and bottom peak, you may result in more losses. Rather set your own goal and if achieved, be happy. Had the future run was known, everyone would have entered into it.
209. rsk |   Link |  Bookmark |January 13, 2023 10:07:11 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Not sure how 2 anchors > Maven and St Capital sold on the first day.
If they are anchors they can't be QIBs.
209.1. Param Patel |   Link |  Bookmark |January 13, 2023 11:12:48 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
You are wrong my frnd anchor can also participate as QIB
208. Regulagedda Ambica Prasad |   Link |  Bookmark |January 13, 2023 10:55:21 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bought some at LC today
207. SANJEEV SOOD |   Link |  Bookmark |January 13, 2023 8:08:41 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Sizable chunk of buyers at 93.7 , another upper circuit it seems.
207.1. SANJEEV SOOD |   Link |  Bookmark |January 13, 2023 8:27:09 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
May be I was a little too early with my message , the B/S equation suddenly changed and here we are at lower circuit.
206. arvindarvind |   Link |  Bookmark |January 12, 2023 8:28:51 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
I have one lot
Should i sell or hold
206.1. Smile⏏️ |   Link |  Bookmark |January 12, 2023 8:54:42 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
As u holded on today, keep close eye in pre-open n decide.
For uc it took long time on bse, so I exited assuming least possibilities of continued uc.
Todays handover of ~42L shares will available for Trade in two days so tracking in preopen is must.
205. rsk |   Link |  Bookmark |January 12, 2023 8:11:01 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
BOA should be an eye opener for investors.
No allotment for applications 1 lakh - 6 lakh share applications.
Bulk trades:
12-Jan-23      SAH      Sah Polymers Limited      STOCK VERTEX VENTURES      BUY      150000      88.54      -
12-Jan-23      SAH      Sah Polymers Limited      L7 HITECH PRIVATE LIMITED      BUY      477945      85      -
12-Jan-23      SAH      Sah Polymers Limited      BNK SECURITIES PVT LTD.      BUY      200000      85      -
12-Jan-23      SAH      Sah Polymers Limited      ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED      BUY      181111      88.9      -
12-Jan-23      SAH      Sah Polymers Limited      ARYA FIN-TRADE SERVICES (INDIA) PVT. LTD      BUY      175000      85      -
12-Jan-23      SAH      Sah Polymers Limited      SAINT CAPITAL FUND      SELL      178863      89.25      -
12-Jan-23      SAH      Sah Polymers Limited      MAVEN INDIA FUND      SELL      178863      89.12      -
12-Jan-23      SAH      Sah Polymers Limited      VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES      SELL      343943      89.25      -
12-Jan-23      SAH      Sah Polymers Limited      ELARA INDIA OPPORTUNITIES FUND LIMITED      SELL      910093      86.14      -
12-Jan-23      SAH      Sah Polymers Limited      RAJASTHAN GLOBAL SECURITIES PVT LTD      SELL      368113      85      -
204. bharat shah |   Link |  Bookmark |January 12, 2023 4:26:28 PM
Any information about Adani IPO.
203. WealthyRam |   Link |  Bookmark |January 12, 2023 3:23:10 PM
QIB will have lock-in period in main board IPO's right?
203.1. Param Patel |   Link |  Bookmark |January 12, 2023 3:30:43 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Noo only anchor investors have lock-in period
202. IPO Gyaaan |   Link |  Bookmark |January 12, 2023 2:08:04 PM (200+ Posts)
Total 56L share were available including QIB and 42L has been traded. Since it is T2T this means 14L can be traded in next 2 days which I think is very less and may hold UC.
201. hitsur |   Link |  Bookmark |January 12, 2023 1:39:25 PM